EnergyUnited refunds $3 million to customers

CORNELIUS – EnergyUnited, a not-for-profit cooperative utility that serves customers in north Mecklenburg, will refund $3 million in capital credits to its customers throughout December.

Capital credits are the customer’s share of EnergyUnited’s margins from the prior years.

“Members have the right to share in any excess margins, which are called ‘profits’ in the for-profit world,” H. Wayne Wilkins, chief executive officer of EnergyUnited, said in a news release. “We distribute capital credits after the cooperative pays its operating expenses, debt obligations and sets aside a reasonable allowance of capital to accommodate emergencies that could cause unexpected damages.”

The utility will issue members credits on their December bills, while former members receive checks.

For more information, call 800-522-3793 or go online to www.energyunited.com.